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Exclusive: Fed’s Mester weighing argument for U.S. rate cut

3 hours ago DieselGasoil Comments Off on Exclusive: Fed’s Mester weighing argument for U.S. rate cut
CLEVELAND (Reuters) – One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy. FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health Read More

Yields rise on German fiscal stimulus hopes

3 hours ago DieselGasoil Comments Off on Yields rise on German fiscal stimulus hopes
NEW YORK (Reuters) – Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt. FILE PHOTO: A sign marks the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder Government Read More

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

5 hours ago DieselGasoil Comments Off on Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Huawei to unveil its own mapping service to challenge Google Maps

8 hours ago DieselGasoil Comments Off on Huawei to unveil its own mapping service to challenge Google Maps
Shortly after launching its own operating system, HarmonyOS, to replace Google’s Android, Chinese tech giant Huawei vowed to take on Google Maps, with plans to unveil a domestically-created alternative. The move is aimed to cope with Washington’s crackdown on the company amid the simmering trade war between the US and China. In case the company Read More

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources

15 hours ago DieselGasoil Comments Off on Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources
SINGAPORE (Reuters) – Buyout firms KKR (KKR.N), Blackstone (BX.N) and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp (MPI.PS), people with knowledge of the matter told Reuters. FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of Read More

Democrat wants FCC to open T-Mobile, Sprint settlement for comment

1 day ago DieselGasoil Comments Off on Democrat wants FCC to open T-Mobile, Sprint settlement for comment
FILE PHOTO: Congressman David Cicilline talks to reporters during a news conference at a hotel in Yangon, Myanmar November 21, 2017. REUTERS/Soe Zeya Tun WASHINGTON (Reuters) – U.S. Representative David Cicilline urged Federal Communications Commission Chairman Ajit Pai on Thursday to give the public the chance to comment on a draft order that would grant Read More

Wall Street higher on strong retail sales data

1 day ago DieselGasoil Comments Off on Wall Street higher on strong retail sales data
(Reuters) – U.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier, as strong retails sales data and upbeat Walmart earnings eased concerns of a recession, but mixed signals on trade and Cisco’s dismal forecast capped gains. Recession fears have gripped the market after the U.S. Treasury yield curve inverted Read More

Strong U.S. retail sales ease gloom over economy

1 day ago DieselGasoil Comments Off on Strong U.S. retail sales ease gloom over economy
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage financial market fears that the economy was heading into recession. FILE PHOTO: Clothes are seen on display inside the Barneys New York the luxury department store in Read More